America will be able to buy the Louisiana territory for $15 million. The United States will be forced to borrow money from British banks to pay for this acquisition. America is forced to borrow money from two European banks with 6 percent interest. The United States will not be able to pay off the loan fully for quite sometime, but doubling our land is worth it. We will have access to the Mississippi River, and farmers will be able to bring in even more profit with this land. The debt will not be fully paid until 1823, and by that time the cost of the Louisiana Purchase has risen to over $23
America will be able to buy the Louisiana territory for $15 million. The United States will be forced to borrow money from British banks to pay for this acquisition. America is forced to borrow money from two European banks with 6 percent interest. The United States will not be able to pay off the loan fully for quite sometime, but doubling our land is worth it. We will have access to the Mississippi River, and farmers will be able to bring in even more profit with this land. The debt will not be fully paid until 1823, and by that time the cost of the Louisiana Purchase has risen to over $23